Press release
Social Commerce Market to Surge with 31.60% CAGR, Expected to Reach $6243.9 Billion by 2030
Social Commerce Market
The Social Commerce Market is experiencing remarkable growth, with a valuation of USD 913.4 billion in 2023. This sector is anticipated to see a dramatic increase, driven by a compound annual growth rate (CAGR) of 31.60% from 2024 to 2030. By the end of the forecast period, the market is projected to reach nearly USD 6243.9 billion. This robust growth is fueled by the increasing integration of social media platforms with e-commerce, enabling businesses to leverage social networks for direct sales and enhanced customer engagement.
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง:
The size of the social commerce market was estimated at USD 913.4 billion in 2023. From 2024 to 2030, the market's total revenue is predicted to expand at a compound annual growth rate of 31.60%, or close to USD 6243.9 billion.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/request-sample/122249/
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐จ๐๐๐ฅ
Business to Consumer (B2C)
Business to Business (B2B)
Consumer to Consumer (C2C)
In 2023, the Business to Consumer (B2C) segment accounted for over 55% of the total revenue generated by the social commerce industry, holding the biggest market share. B2C social commerce platforms provide a range of tools and resources to help companies market and advertise their goods to customers. Features including product listings, reviews, opinions, social media sharing options, and payment processing systems are examples of services provided under the B2C business model. Additionally, companies may use these technologies to give prospective customers engaging and delightful shopping experiences, which will increase sales and client retention.
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Personal and Beauty Care
Apparel
Accessories
Home Products
Health Supplements
Food and Beverage
Others
๐๐ฒ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ/๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
Video Commerce (Live stream + Prerecorded)
Social Network-led Commerce
Social Reselling
Group Buying
Product Review Platforms
The video commerce sector, which includes both live streamed and pre-recorded material, became the most popular sales channel in 2023 and is predicted to continue to dominate the social commerce market for the duration of the forecast. Particularly with regard to live commerce, it is noteworthy because it is captivating and holds the attention of viewers, hence lengthening their total viewing duration when live streaming. This strategy leads customers from comprehending a product to making a purchase while simultaneously captivating the audience and streamlining the decision-making process. Furthermore, live commerce employs features like chat capabilities or reaction indicators to easily blend quick product transactions with audience involvement. Because of this, social commerce businesses that use time-limited strategies have achieved an amazing 30% conversion rate-a number that can be up to 10 times greater than that.
๐๐ฒ ๐๐๐ฏ๐ข๐๐ ๐๐ฒ๐ฉ๐
Smartphone
Laptop
Tablets
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The Social Commerce Market, valued at USD 913.4 billion in 2023, is on a rapid growth trajectory, projected to reach approximately USD 6243.9 billion by 2030, reflecting a remarkable CAGR of 31.60%. This market growth is driven by the integration of social media and e-commerce platforms, enabling seamless shopping experiences directly within social networks.Key drivers of this growth include the increasing adoption of shoppable posts, social media marketplaces, and influencer collaborations that enhance consumer engagement and drive sales. Technological advancements, such as improved mobile interfaces and data analytics, are also playing a significant role in personalizing and optimizing social commerce strategies.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฒ ๐๐ฅ๐ข๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/request-sample/122249/
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ?
The research includes in-depth examinations of the Middle East, South America, Europe, Africa, and Asia-Pacific region. Understanding the intricate dynamics of the Social Commerce market is one aspect of regional analysis. A framework of product imports and exports by nations and regions, as well as market sizes and growth rates for Social Commerce, are included in the report. An overview of the most current developments in the field from a number of different countries and areas is given in this paper.
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The approach that gives investors relevant information by combining SWOT and descriptive analysis is covered in the report. The study's main objective is to provide a comprehensive picture of the Social Commerce market. The process of gathering data uses a variety of methods, such as surveys and questionnaires. Following this, mathematical, statistical, and numerical approaches are used to evaluate the data. It takes a combination of qualitative and quantitative research approaches to identify Social Commerce market trends, so gathering and processing data is crucial.By carefully examining the situation of buyer-direct, RD initiatives, innovative forms of development, cutting-edge industry techniques, and market consolidations and acquisitions, the research evaluates the potential futures of the market. The research includes methods, organizational charts, portfolios, and a critical evaluation of well-known corporate executives. Social Commerce Doors underwent a thorough PESTLE study and SWOT analysis in order to provide microeconomic variables and detect market trends.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/122249/
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
North America Social Commerce
1. eBay (USA)
2. Facebook (USA)
3. Twitter (USA)
4. Pinterest (USA)
5. PayPal (USA)
6. Instagram (USA)
7. Verizon Communications Inc. (USA)
8. Poshmark Inc. (USA)
9. Etsy Inc (USA)
10. Poshmark Inc. (USA)
11. Amazon (USA)
Asia Pacific Social Commerce
1. Flipkart (India)
2. Myntra (India)
3. Meesho (India)
4. Shopclues (India)
5. Souled Store (India)
6. Snapdeal (India)
7. Payments Private Limites (India)
8. Tata CLiQ (India)
9. Taobao (Alibaba Group Holding Limited)
10. Reddit Inc. (India)
11. SINA Corp. (China)
12. Alibaba Group Holding Limited (China)
13. Douyin (TikTok, ByteDance) ( China)
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐:https://www.maximizemarketresearch.com/market-report/social-commerce-market/122249/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What is Social Commerce?
โข What is the growth rate of the Social Commerce?
โข Which are the factors expected to drive the Social Commerce market growth?
โข What are the different segments of the Social Commerce?
โข What growth strategies are the players considering to increase their presence in Social Commerce?
โข What are the upcoming industry applications and trends for the Social Commerce?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the Social Commerce?
โข What major challenges could the Social Commerce face in the future?
โข What segments are covered in the Social Commerce?
โข Who are the leading companies and what are their portfolios in Social Commerce?
โข What segments are covered in the Social Commerce?
โข Who are the key players in the Social Commerce market?
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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sales@maximizemarketresearch.com
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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